7819 Nopalitos Cv, San Antonio, TX 78239
4 beds · 2 baths · 1,886 sqft
Welcome to this beautifully upgraded 4-bedroom home, featuring an inviting loft space that can easily serve as a home office or 5th bedroom! From the moment you enter, you'll be captivated by the elegant chandelier that enhances the open and airy feel of the home. The updated kitchen is a chef's dream, boasting espresso cabinetry, a gas stove, and a breakfast bar, perfect for morning coffee or casual meals. Throughout the home, enjoy vinyl laminate wood flooring in the main living areas and plush, upgraded carpet in the bedrooms for a cozy feel. The bathroom has been tastefully updated, offering modern style and comfort. For added convenience and security, the home is equipped with a Ring doorbell and a fingerprint keyless entry system. Step outside to your private backyard oasis, where a gazebo provides the perfect setting for relaxation or entertaining. The large, fenced yard offers plenty of space for outdoor activities, pets, or gardening. Centrally located just minutes from Ft. Sam, BAMC, and Randolph AFB, this home offers both convenience and charm. Don't miss out on this exceptional opportunity-schedule your showing today!
Source: SABOR #1853211
Financials
Source: Public records
Source: SABOR #1853211
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.